Crossbay, the pan-European urban logistics platform incubated by real estate investment manager MARK, has acquired its first two assets in Poland.
The two assets, situated in prime locations in the Polish capital Warsaw and Poland’s third largest city Łódź, represent almost 100,000 sq m of high quality warehousing space. Both sites were acquired from Panattoni Europe, a developer of logistics and industrial space, for an undisclosed sum.
Panattoni Park Warsaw City VII is an undeveloped plot possessing great connection links to the capital’s city centre, and will provide c61,000 sq m of high quality logistics space once completed. Panattoni Europe will act as development manager, with practical completion expected in 2022.
Panattoni Park Łódź City IX is a multi-let urban logistics asset situated in the heart of Łódź city centre, with excellent transport connections to Warsaw, Poznań and Wrocław, and is currently fully occupied by eight tenants including Rhenus Logistics, DSV and Wellpack.
Marco Riva, Head of Crossbay and Logistics at MARK, comments: “Our entrance into Poland through this double acquisition of two prime assets demonstrates our ambition to become Europe’s leading urban logistics platform.”